Share-Based Compensation Through an Executive Compensation BIP Trust

「• Date of trust agreement 9 August 2018 (changed in August 2024) • Trust period after extension 9 August 2018–31 August 2027 • Maximum trust amount ¥1.89 billion (including trust fees and expenses) • Total number of shares scheduled to be acquired by eligible directors and others Maximum of 258,900 shares for 1 fiscal year」

「In August 2021, the trust period was extended by 3 years, and the following trust agreement was executed. • Trust period after extension 9 August 2018–31 August 2024 (scheduled) • Maximum trust amount ¥859 million (including trust fees and expenses) *An additional ¥247 million was contributed in connection with the agreement to extend the trust period dated 12 August 2021.」

「At the 141st Annual General Meeting of Shareholders held on 22 June 2021, Proposal No. 4, concerning partial revisions to the share-based compensation plan for directors and others, was approved. Accordingly, the company will revise the share-based compensation plan into a performance-linked plan. Specifically, each June, points will be awarded based on the standard number of points predetermined according to the recipient's position, multiplied by a performance-linked coefficient that varies according to the degree of achievement against the target values for performance indicators for the fiscal year ending on 31 March of the same year.」

「The 413,800 shares of the company held by the executive compensation BIP trust, representing 4,138 voting rights, are included.」

「The 413,800 shares of the company held by the executive compensation BIP trust, representing 4,138 voting rights, are included.」

「The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust, under which the company delivers its shares and pays cash equivalent to the proceeds from the sale of its shares, according to the recipient's position. The plan commenced in the third quarter of the current consolidated fiscal year.」

「The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust, under which the company delivers its shares and pays cash equivalent to the proceeds from the sale of its shares, according to the recipient's position. The company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The book value and number of these treasury shares were ¥1,046 million and 544,700 shares, respectively, at the end of the previous consolidated fiscal year, and ¥1,023 million and 532,398 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」

「The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust, under which the company delivers its shares and pays cash equivalent to the proceeds from the sale of its shares, according to the recipient's position. The plan commenced in the third quarter of the current consolidated fiscal year.」

「The purpose of this plan is to increase the incentive to contribute to the improvement of the Group's medium- to long-term performance and the enhancement of corporate value. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust, under which the company delivers its shares and pays cash equivalent to the proceeds from the sale of its shares, according to the recipient's position. The trust was established during the second quarter of the current consolidated fiscal year, and the plan commenced on 1 October 2018. At the end of the second quarter of the current consolidated fiscal year, the book value and number of these treasury shares were ¥1,046 million and 544,700 shares, respectively.」